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May 6, 2015
The April US ethylene net transaction contract will go unsettled, according to market participants on Wednesday. Producers were seeking a rollover from the March contract price of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-ethylene-contract-to-go-unsettled-for-April_70129.html
May 6, 2015
US propylene stocks firmed during the week that ended on May 1st, according to data released by the Energy Information Administration (EIA) on Wednesday. Non-fuel use propylene stocks...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-stocks-up-for-second-consecutive-week_70122.html
May 6, 2015
A previously announced petchems project planned in Belmont County, OH, is expected to require a capital expenditure of $5 billion, sources tell CW on the sidelines of the APIC 2015...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/PTTGC-outlines-Ohio-Indonesian-petchem-projects_70118.html
May 6, 2015
Further toluene contract fixtures for May have been agreed at $740–741/m.t. in Europe for May but, with ongoing strength in gasoline, the level is already borderline uneconomic...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/toluene/May-Europe-toluene-contracts-agreed-at-$740-741_70117.html
May 5, 2015
The IRS has issued a proposed ruling that could jeopardize plans to put petrochemical assets into tax-saving master limited partnerships (MLPs). The document specifically states that income derived from a steam cracker would not qualify for MLP status, directly contradicting a ruling issued on 2 July 2012....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Proposed-IRS-ruling-threatens-cracker-MLPs_70105.html
May 5, 2015
The European styrene barge contract for May has been agreed at €1,390/m.t. FOB ARA, an increase of €20 on the April agreement. The settlement represents a margin decrease for...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/May-Europe-styrene-barge-contract-settles-at-&euro1390_70088.html
May 5, 2015
Boardwalk Pipeline’s Evangeline ethylene pipeline will remain down for the next couple of months, with an estimated restart date of 1 July. US styrene supply is expected to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-styrene-to-stay-tight-in-Louisiana-amid-ethylene-pipeline-issues_70100.html
May 5, 2015
ChevronPhillips Chemical (CPChem) has said its Sweeny, TX Ethylene Unit 22 will be returned to service following a planned maintenance turnaround. In a filing with the Texas Commission...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-Sweeny-ethylene-unit-returns-to-service_70099.html
May 5, 2015
IHS analysts' said Tuesday that they do not expect additional benzene to move from the US to Europe this month, following recent shipments of about 10,000 m.t. that are set to arrive...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Additional-US-benzene-to-Europe-not-expected-after-recent-fixtures_70104.html
May 5, 2015
Boardwalk Pipeline confirmed on Monday that its Evangeline ethylene pipeline has an estimated in-service restart date of 1 July. The early July restart date was in line with market...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Boardwalk-Pipeline-confirms-early-July-restart-for-Evangeline-Pipeline_70075.html
May 4, 2015
Westlake says conversions to cost-advantaged ethane feedstock improved first-quarter margins in the vinyls chain, but the gain was more than offset by lower margins in olefins. The company reports first-quarter net income of $146 million, down 7.6% year-on-year (YOY) from $158 million. Net sales increased 7.4% YOY to $1.104 billion, mainly on the contribution of Vinnolit, the specialty PVC resin business acquired last July. Earnings per share of $1.10 fell short of the analysts’ consensus estimate of $1.18, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-misses-estimates-as-crude-takes-toll-on-olefin-margins_70057.html
May 4, 2015
Saudi Arabian Fertilizer Co. (Safco), a Sabic affiliate, will begin commercial operations at its fifth manufacturing facility in late June, the company has announced. The plant, whose...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Safco-delays-commissioning-of-urea-complex_70048.html
May 4, 2015
South Korea exported more than an estimated 280,000 m.t. of benzene in April, up 18% from 236,744 m.t. transported in March, data obtained by IHS Chemical show. They show the bulk of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/South-Koreas-April-benzene-exports-up-about-18-percent-from-March_70047.html
May 4, 2015
US styrene prices are expected to remain strong throughout June, amid ongoing and upcoming turnarounds, according to IHS Chemical.  Styrene producers have already sold out for May and most of June, and are starting to offer July material....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/US-styrene-prices-expected-to-stay-strong-through-June_70039.html
May 1, 2015
US olefins sources said on Friday that Boardwalk Pipeline's Evangeline ethylene pipeline would be back online in late June. The Evangeline pipeline, which transports ethylene between...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Evangeline-ethylene-pipeline-to-restart-in-late-June-sources-said_70036.html
May 1, 2015
An initial May contract settlement for toluene has been reached in Europe at $740/m.t., a buyer reported today. The fixture represents an increase of $67–72/m.t. on the April...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/toluene/Higher-initial-settlement-for-toluene-May-contract-in-Europe_70023.html
May 1, 2015
Settlements for the European May benzene contract price have been confirmed at $900/m.t., up $170/m.t. over the April contract price, confirming Europe’s position as the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Europe-May-benzene-contract-settles-$170-higher_70020.html
April 30, 2015
The May US benzene contract settled on Thursday at an increase for May over the April settlement, in line with market expectations. The May contract, which represented the third...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-benzene-contract-moves-up-third-straight-month_70002.html
April 30, 2015
Methanex reports first-quarter net income of $9 million, down 94% year-over-year (YOY) from $145 million. Sales totaled $577 million, down 40% YOY from $968 million. Adjusted earnings of 23 cts/share fell short of the analysts’ consensus estimate of 40 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-earnings-down-on-pricing-and-volume-miss-estimates_69998.html
April 30, 2015
Phosphate fertilizers producer PhosAgro (Moscow) has reported a 57% rise in full-year 2014 Ebitda, to 37.6 billion Russian rubles ($979 million), compared with 2013. Revenues were up...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgros-2014-Ebitda-revenues-rise_69973.html
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